Short Interest in Hudson Pacific Properties, Inc. (NYSE:HPP) Increases By 8.8%

Hudson Pacific Properties, Inc. (NYSE:HPP - Get Free Report) was the target of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 27,140,000 shares, an increase of 8.8% from the November 30th total of 24,950,000 shares. Currently, 19.8% of the company's shares are sold short. Based on an average daily trading volume, of 3,810,000 shares, the short-interest ratio is presently 7.1 days.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on HPP shares. Wells Fargo & Company decreased their price objective on shares of Hudson Pacific Properties from $5.00 to $4.50 and set an "equal weight" rating for the company in a report on Wednesday, September 11th. Jefferies Financial Group lowered shares of Hudson Pacific Properties from a "buy" rating to a "hold" rating and decreased their price target for the company from $5.50 to $5.00 in a report on Tuesday, November 12th. Finally, Piper Sandler reduced their target price on Hudson Pacific Properties from $5.00 to $4.50 and set a "neutral" rating on the stock in a report on Friday, November 15th. Two analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Based on data from MarketBeat.com, Hudson Pacific Properties currently has an average rating of "Hold" and an average target price of $5.49.

Hudson Pacific Properties Stock Up 4.8 %

Shares of NYSE:HPP traded up $0.14 during midday trading on Wednesday, reaching $3.03. The company had a trading volume of 5,393,285 shares, compared to its average volume of 3,729,505. Hudson Pacific Properties has a 1-year low of $2.39 and a 1-year high of $9.85. The stock has a market cap of $427.93 million, a PE ratio of -1.45 and a beta of 1.27. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.47. The business's 50 day moving average price is $3.63 and its 200 day moving average price is $4.53.

Insider Buying and Selling

In related news, CEO Victor J. Coleman purchased 50,000 shares of Hudson Pacific Properties stock in a transaction dated Wednesday, December 18th. The shares were acquired at an average cost of $2.87 per share, for a total transaction of $143,500.00. Following the transaction, the chief executive officer now directly owns 487,451 shares of the company's stock, valued at approximately $1,398,984.37. This trade represents a 11.43 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 2.95% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. grew its stake in shares of Hudson Pacific Properties by 549.1% in the third quarter. Blue Trust Inc. now owns 5,926 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 5,013 shares in the last quarter. Venturi Wealth Management LLC bought a new position in shares of Hudson Pacific Properties in the 3rd quarter valued at about $44,000. Stifel Financial Corp bought a new position in shares of Hudson Pacific Properties in the 3rd quarter valued at about $48,000. MQS Management LLC bought a new stake in shares of Hudson Pacific Properties in the 3rd quarter valued at about $58,000. Finally, Metis Global Partners LLC acquired a new stake in Hudson Pacific Properties in the 3rd quarter valued at about $66,000. Institutional investors and hedge funds own 97.58% of the company's stock.

Hudson Pacific Properties Company Profile

Hudson Pacific Properties NYSE: HPP is a real estate investment trust serving dynamic tech and media tenants in global epicenters for these synergistic, converging and secular growth industries. Hudson Pacific's unique and high-barrier tech and media focus leverages a full-service, end-to-end value creation platform forged through deep strategic relationships and niche expertise across identifying, acquiring, transforming and developing properties into world-class amenitized, collaborative and sustainable office and studio space.